1 October 2025
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GPCA EVENTS

Meet the LPs: Investing in Global Markets

23 October, 8-9 am EDT | Virtual

Join GPCA's next Global Member Meetup for candid and unscripted sharing on private markets trends. This one-hour session is aimed at members looking to build relationships with institutional investors active across alternative asset classes and global private markets, with dedicated time for interactive Q&A.

Featured Speakers

Catherine Cax

Managing Director, Investments

Soros Economic Development Fund (SEDF) / Open Society Foundations

Edward J. Grefenstette

President, CEO and CIO

The Dietrich Foundation

Eric R. Mason

Managing Director,

Global Private Equity

The Church Pension Fund (CPF)

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DEAL CASES

Warburg Pincus | IDFC First Bank

idacapital, WorqCompany Deal Case - NW (4)

In September 2012, Warburg Pincus invested in Capital First, an India-based non-bank financial institution. Warburg later facilitated its merger with the banking arm of Infrastructure Development Finance Company (IDFC), leading to the creation of private sector lender IDFC First Bank in December 2018.

warburg_pincus__idfc_first_bank_deal_case-1

With Warburg Pincus’s support, IDFC First Bank grew retail and total customer deposits at a CAGR of 63% and 36%, respectively. By March 2024, its loan book reached USD24b, with 83% allocated to underserved segments including SMEs, retail and rural customers. Nearly 40 million retail customers and small businesses have received loans, including ones focused on education, sanitation and productivity. The bank provided an aggregate of three million loans to small farmers for tractors and livestock purchases, and ~60% of its lending portfolio serves rural women. IDFC First Bank estimates that over 1,000 of them have built self-reliant businesses.

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GPCA EVENTS

GPCA Investors Meeting Program Highlight
12 November | London

Hosted at EBRD and in partnership with GPCA’s DFI Council, members-only programming focus on new partnerships between commercial capital and the development community to mobilize investment into Africa, Latin America, Asia and other global regions.

The day will include a special discussion led by British International Investment (BII), a session on GP-DFI alignment for mobilization and an update on DFC’s new investment priorities and strategy.

Featured Speakers

Jo Fry

Managing Director and Head of Intermediated Financial Services,

British International Investment

Guillaume Le Bris

Head of

Infrastructure & Energy,

ILX

Martijn Proos
Co-Head EM Alternative Credit & Managing Director,
Emerging Africa & Asia Infrastructure Fund (EAAIF)

Goldie Shturman
Acting Vice President of the Office of

Investment Funds,
U.S. DFC 

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Industry News

INVESTMENTS

► KKR acquired a majority stake in India-based healthcare chain Meitra Hospital. #Asia

► Actis agreed to acquire a 90% stake in 800 Super, a Singapore-based integrated environmental management company. #Asia

► IFC, EBRD and Turkven invested in Çağatay, a Turkey-based dry pet food producer. #CEE

► Dragonball Capital led a CNY1b (~USD140.2m) investment in Beatbot, a China-based developer of robotic pool cleaners, with participation from Hillhouse Capital, Shunwei Capital, Cathay Capital and others. #Asia

► JiveMauá agreed to invest BRL460m (~USD86m) in Azevedo e Travassos, a Brazil-based construction and civil engineering company. #LatinAmerica

► Qiming Venture Partners led a USD63m Series B2 for AusperBio, a clinical-stage biopharmaceutical company operating across the US and China, with participation from HanKang Capital, CDH Investments, YuanBio Venture Capital and others. #Asia

► Victory Park Capital provided a USD50m credit facility for ADDI, a Colombia-based point-of-sale lending platform. #LatinAmerica

► Founders Fund and Sequoia Capital led a USD35m Series A for Enter, a Brazil-based AI startup developing a legal defense platform for enterprises. #LatinAmerica

► Stride Ventures led a USD33m debt financing for erad, a Saudi Arabia-based Shariah-compliant financing platform for SMEs across the GCC. #MiddleEast

► Mirova provided ~USD10m in debt financing for Arc Ride, a Kenya-based e-mobility battery-as-a-service provider. #Africa

► Purple Ventures led a USD1.5m pre-Series A for Klide, a Singapore-based private credit investment platform. #Asia

► Credicorp Capital invested COP45b (~USD11.5m) in Zona Franca Gachancipá, a Colombia-based industrial park. #LatinAmerica

FUNDRAISING

► EcoEnterprises Fund reached a USD100m first close for its fourth impact fund focused on climate and biodiversity investments in Latin America. #LatinAmerica

EXITS

► Advent exited a 8.92% stake in India-based CDMO platform Cohance Lifesciences via a bulk deal for INR30.94b (~USD351m). Advent will hold a 24.16% stake in the company following the transaction. #Asia

► GenFleet Therapeutics, a China-based clinical-stage biotechnology company, raised HKD1.8b (~USD233.9m) through an IPO on the Hong Kong Stock Exchange. #Asia